Construction Loan

Our Construction Loan offers flexible finance options to suit the needs of property developers.

Fees

Fee	Type	Amount
Line Fee Charged monthly	Ongoing	1.5% of balance
Service Charge Charged monthly	Ongoing	$35.00
Lending Establishment Fee Minimum charge of $600.00	Upfront	0.6% of balance
Valuation Costs	Event	Variable
External Consultancy Fee Fees associated with engaging external consultants eg Quantity Surveyor, Panel Engineer etc. Fee will vary and be quoted individually by consultant as required	Event	Variable
Discharge Settlement Fee Payable when we agree to discharge a security linked to the facility	Exit	$350.00

Our property finance specialists will work with you to create and implement customised finance solutions from the ground up.
Our team includes local lenders whose expertise can provide valuable insights for both developers and investors.
An 'Approval in Principle' property loan can help ensure you never miss an opportunity.
We can arrange for interest capitalisation subject to credit approval
A prompt payment process to assist with cash flow.
To find out more call 13 82 66 or email us for more information
Variable interest rate facility only. Fixed rates are not available, however once the loan has been funded, tranches of the facility can be refinanced to a Fixed Rate Business Loan on request (subject to Credit approval and re-documentation).

Business customersYour business must be registered in Australia
Minimum age — 18 years An individual 18 years and above
A business entity or an individual 18 years and above, domiciled in Australia and require the funding wholly or predominantly for business purposes
Customers is an existing holder of a Construction Loan
Meets the credit criteria and credit policy requirements under an applicable offer for this product.

Published by Bank of Melbourne under the Consumer Data Right · Last updated 8 May 2026 · Product ID BOMConstructionLoan · View on CDR.gov.au